IMX Price Drops 4.56% Ahead of Major Game Announcement—Will Support Hold?

• Immutable faces strong resistance at $0.6800-$0.6900, limiting short-term bullish momentum.
• RSI at 27.60 signals oversold conditions, suggesting potential for a near-term rebound.
• IMX price could surge 134.39% by Dec 2025, with forecasts targeting around $1.546471.

Immutable (IMX) is getting ready to announce its third multi-billion-dollar-backed game on February 26th. 

This announcement comes as IMX is seeing a price decrease, currently trading at $0.6608 after dropping 7.21% in the last 24 hours. Investors are watching the asset’s movement closely as it nears key support and resistance levels. 

IMX Price Under Pressure and Market Movement

The IMX price started the day around $0.6919 but has faced non-stop downward pressure, making lower highs and lower lows. This continuous slide points to a generally negative market mood. 

However, a recent bounce from the lowest point shows there’s still some buying interest. Market watchers are trying to figure out if this is just a short-term bounce or the start of a real recovery.

Key Price Levels for IMX

IMX is testing key support levels, which could tell us what it will do next. The $0.6200-$0.6250 area has been a strong support zone, since the price just bounced from this level. 

If sellers keep pushing, the next big support is at $0.6000. This is a well-known level where buyers might jump in to stop the price from falling further.

On the upside, resistance is still strong between $0.6800 and $0.6900. Sellers have stopped price increases in this area before. If the price can break above this range, it might head toward $0.7000. That’s a key level everyone’s watching that could bring back bullish activity.

Related: Massive Crypto Token Unlocks in October Could Impact IMX, APT, AXS, and More

Technical Indicators Show Bearish Signals

Several indicators show the current negative trend. The Relative Strength Index (RSI) is at 27.60, suggesting the market is oversold. A change in direction could happen if buying interest picks up. 

Also, the Moving Average Convergence Divergence (MACD) line is still below the signal line, indicating negative momentum. The MACD histogram also shows sellers are still in control, backing up the downward trend.

IMX Price Prediction: Long-Term Bullish Outlook

Even with the short-term negative movement, analysts expect IMX to recover strongly. As per Coincodex price prediction, By December 2025, IMX is expected to trade within a range of $1.533098 to $1.576038.

Related: Immutable Receives Wells Notice From SEC Over IMX Token 

This projection suggests a large price increase of about 134.39% from current levels. If this prediction comes true, investors could potentially make gains of 138.87% based on an average price of $1.546471.